BUSINESS

Oil industry crisis: Kyari, past NNPC GMDs in emergency meeting

Daily Dispatch July 20, 2024

With oil sector crisis deepens, the Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari is currently holding a meeting with the past Group Managing Director of the company. Industry Sources told ENERGY TIMES that the meeting is around current

BUSINESS

Our product (diesel) 80% better than imported ones – Dangote

Daily Dispatch July 19, 2024

Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria.  In a statement released by the company’s spokesperson, Anthony Chiejina, on Friday, Dangote Industries Limited called reports of producing high-sulfur diesel “mischievous

BUSINESS

NNPCL punctures ex-COO Bello Rabiu’s crude swap statement

Daily Dispatch July 19, 2024

The Nigerian National Petroleum Company Limited (NNPCL) has taken a swipe on its former Chief Operating Officer, Upstream operations, Engineer Bello Rabiu, declaring his statement on crude swap as false and unfounded. Mr. Rabiu had, at the quarterly Press engagement organised by the Major Energy Marketers Association of Nigeria (MEMAN) on Wednesday, alleged that the […]

BUSINESS

Dangote Refinery has not been licensed – Says NMDPRA

Daily Dispatch July 18, 2024

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has disclosed that the Dangote refinery has not been licensed. Ahmed, in an interview with journalists, discarded claims by some media outlets that they were trying to scuttle the Dangote Refinery. He said “That is not so. Dangote Refinery is […]

BUSINESS

Oil Production: NASS pledges support to NNPC Ltd…mulls stronger laws against crude oil theft, vandalism

Daily Dispatch July 16, 2024

The National Assembly has thrown its weight behind NNPC Limited’s ongoing efforts to boost Nigeria’s crude oil production and grow its reserves, saying it will consider stiffer consequences for crude oil thieves and vandals of the nation’s critical hydrocarbon infrastructure. This was made known when the National Assembly’s Joint Committee on Petroleum

BUSINESS

P/Harcourt Refinery commences operations, gets NNPCL’s 1 million barrels of crude

Daily Dispatch July 16, 2024

Barring unforeseen circumstances, the Port Harcourt Refinery, in Rivers State, is scheduled to begin a partial refining activities soon as it received a total of one million barrels of crude oil from the Nigerian National Petroleum Company Ltd (NNPCL).The giant refinery has also obtained necessary refining license from the Nigerian Midstream and Downstream Petroleum